402 University Ave Ithaca, NY 14850
Estimated payment $3,816/month
Highlights
- Deck
- Property is near public transit
- Attic
- Boynton Middle School Rated A-
- Wood Flooring
- 1 Fireplace
About This Home
Rare opportunity on Cornell’s West Campus, bordering the beautiful Fall Creek neighborhood. Very short walk to Cornell, Cascadilla Gorge Trail, and waterfalls! Located outside of the designated flood zone! The main house can function as a 5-bedroom rental, or reserve the two rooms downstairs for full-size living and dining areas to create a comfortable home. Live in it yourself or capitalize on strong rental demand in this prime location. A fully rented 1-bedroom apartment in the rear provides steady income. Both units feature covered porches that offer a peaceful retreat with beautiful views and western-facing sunsets. University Avenue connects Ithaca’s vibrant community with the heart of Cornell. Conveniently located along the TCAT bus route 10: servicing Cornell and downtown.
Listing Agent
Howard Hanna S Tier Inc Brokerage Phone: 315-406-2852 License #10401382717 Listed on: 10/14/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,765
Year Built
- Built in 1920
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 62x110
- Rectangular Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Stone Foundation
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2,661 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- 1 Fireplace
- Partially Finished Basement
- Walk-Out Basement
- Attic
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit
Schools
- Cayuga Heights Elementary School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Baseboard Heating
- Programmable Thermostat
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 500700-032-000-0002-008-000-0000
Community Details
Overview
- Association fees include common area maintenance, electricity, gardener, heat, hot water, water
- 2 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $15,964 | $500,000 | $78,900 | $421,100 |
2023 | $10,548 | $486,000 | $78,900 | $407,100 |
2022 | $13,660 | $450,000 | $78,900 | $371,100 |
2021 | $11,640 | $330,000 | $78,900 | $251,100 |
2020 | $7,588 | $330,000 | $78,900 | $251,100 |
2019 | $3,034 | $325,000 | $78,900 | $246,100 |
2018 | $7,668 | $325,000 | $78,900 | $246,100 |
2017 | $7,518 | $310,000 | $50,000 | $260,000 |
2016 | $7,588 | $310,000 | $50,000 | $260,000 |
2015 | -- | $290,000 | $50,000 | $240,000 |
2014 | -- | $290,000 | $50,000 | $240,000 |
Property History
Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
---|---|---|---|---|---|
10/14/2025 10/14/25 | For Sale | $472,000 | +60.0% | $177 / Sq Ft | |
07/25/2013 07/25/13 | Sold | $295,000 | +7.3% | $130 / Sq Ft | View Prior Sale |
06/25/2013 06/25/13 | Pending | -- | -- | -- | |
01/01/1800 01/01/00 | For Sale | $275,000 | -- | $122 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Interfamily Deed Transfer | -- | Mariette Geldenhuys | |
Deed | $295,000 | Geldenhuys Mariette | |
Interfamily Deed Transfer | $145,000 | Jonathan Albanese |
Source: Ithaca Board of REALTORS®
MLS Number: R1644575
APN: 500700-032-000-0002-008-000-0000
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